Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
S Chand and Company Limited is engaged in the publishing of educational books with products ranging from schoolbooks, higher academic books, competition and reference books, technical and professional books and children’s books. Its segments include Early Learning, K-12 and Higher Education. It provides Indian education content, which delivers content, solutions and services across the education lifecycle. Its K-12 content portfolio is offered to students from ages four through 18 years and includes numerous instructional resources across hundreds of programs, covers all subjects offered in the K-12 segment. Its brands include S Chand, Vikas, Madhubun, Saraswati, Chhaya and IPP. Its higher education segment comprises of two components: test preparation and college and university/technical and professional. Its brands in its early learning business segment include BPI, Smartivity and Risekids. It also focused on digital education across its K-12 and higher education business segments.
SCHA - S Chand and Company Ltd
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